Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Building activity falls by 2.4 pct in July
Travel balance posts surplus of 3.15 bln in H1 2017
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
However, the PBO stresses that the economic situation in Q1 is disappointing in comparison with expectations.
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